Taxes April 4, 2025
The Tax Blotter – April 2025
The Tax Blotter is a round-up of recent tax news and Tax Court rulings.
Mergers and Acquisitions April 2, 2025
Ryan Acquires Brayn Consulting in Texas
The Dallas-based tax services firm has expanded its income tax practice after acquiring Brayn Consulting, a Houston-based tax firm that specializes in research and development, cost segregation, and green energy income tax incentives.
Taxes April 2, 2025
Washington Gov. Ferguson Says He Won’t Sign a State Budget with a New ‘Wealth Tax’
Washington Gov. Bob Ferguson on April 1 panned budget plans by legislative Democrats for relying on "far too much in taxes," including a new wealth tax he warned could be overturned by courts.
Taxes April 1, 2025
How the 50 States Rank By Tax Burden (Updated for 2025)
Residents of Hawaii are burdened by taxes the most, while Alaska residents have the lowest tax burden, a new WalletHub study found.
Taxes March 31, 2025
Trump Orders Treasury and IRS to Eliminate Paper Checks
President Donald Trump signed an executive order last week that authorizes the federal government to begin phasing out the use of paper checks and switch exclusively to electronic payments this fall, with some limited exceptions.
Payroll March 31, 2025
Taxpayer Absorbs Full Tax Weight on Hardship Distribution
If a taxpayer is in dire need, the taxpayer may choose to take a “hardship distribution” from a qualified retirement plan. However, as shown in a new case, Campana, TC Memo 2025-23, 3/19/25, this doesn’t absolve any tax liability.
Taxes March 31, 2025
IRS Data Shows Tax Refund Amounts Are 4.6% Higher This Tax Season
The IRS has sent more than 55.7 million refunds to taxpayers totaling nearly $179.5 billion thus far this tax season, an increase of 1.3% and 5.9%, respectively, from last year.
Taxes March 29, 2025
Happy 50th Birthday to the Earned Income Tax Credit
A component of the Tax Reduction Act, the EITC was signed into law by President Gerald Ford on March 29, 1975, and has become one of the federal government's largest anti-poverty programs.
Taxes March 28, 2025
Bank Secrecy Act Data Key to IRS-CI Cracking Many Financial Crime Cases
The IRS Criminal Investigation unit released new statistics on March 28 highlighting how the agency has investigated financial crimes using Bank Secrecy Act data.
Taxes March 27, 2025
Stock Market Surge in 2024 Means Higher Taxes in 2025
With capital gains, dividends and interest income soaring, many taxpayers are seeing the flip side—bigger tax bills and smaller refunds.
IRS March 26, 2025
IRS-CI Has Kept Busy Investigating COVID, ERC Fraud Cases
The IRS Criminal Investigation unit has launched 2,039 tax and money laundering cases related to COVID fraud, with attempted fraud in these cases totaling $10 billion, since the CARES Act was signed into law in March 2020.
Taxes March 26, 2025
Survey: Some Americans Might Roll the Dice on Not Filing Their Taxes This Year Due to IRS Job Cuts
Disruptions at the IRS have some people, especially millennials, thinking about cutting corners on their taxes, while some are considering forgoing filing altogether, according to Intuit Credit Karma.